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BREAKING: CBN introduces new charges for USSD services

Punch Newspapers Sections Kayode Oyero The Central Bank of Nigeria has introduced new charges for customers using the Unstructured Supplementary Service Data services. The apex bank said effective Tuesday, customers will pay a flat fee of N6.98 per transaction every time they use USSD services. It said the new charges was part of the agreement reached when banks and telecommunication operators met on Monday to discuss the N42bn debt owed mobile operators by banks. This was contained in a statement released on Tuesday and jointly signed by the apex bank’s Acting Director, Corporate Communications, Osita Nwanisobi; and Director, Public Affairs, Nigerian Communications Commission, Ikechukwu Adinde.

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Isa-pantami
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Nigerian-communications-commission-on-pricing
Public-affairs
Corporate-communications

CBN Announces ₦6.98 Charge For USSD Transactions

CBN Announces ₦6.98 Charge For USSD Transactions
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Nigerian
Nigerians
Godwin-emefiele
Mnos-mobile-network-operators
Central-bank
Nigerian-communications-commission
National-bureau-of-statistics
Deposit-money-banks
Mobile-network-operators
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National-bureau

Breaking News | Breaking News BREAKING: All bank customers to pay N6.98 as new fees for USSD services

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Osita-nwanisobi
Ikechukwu-adinde
Isa-pantami
Public-affairs
Mnos-mobile-network-operators
Corporate-communications
Central-bank
Nigerian-communications-commission
Supplementary-service-data
Unstructured-supplementary-service-data

Central Bank Of Nigeria Introduces New Charges For USSD Services

N42bn debt: FG stops telcos from disconnecting USSD services

Punch Newspapers Sections Kayode Oyero Kayode Oyero Published 13 March 2021 The Federal Government, on Saturday, asked telecommunication operators to put on hold, their impending suspension of Unstructured Supplementary Service Data services over a N42bn debt owed by banks. This was contained in a statement signed by Femi Adeluyi, technical Assistant on Information Technology to the Minister of Communications and Digital Economy, Isa Pantami. The PUNCH had earlier reported that the Association of Licensed Telecommunications Operators of Nigeria said telcos will disconnect Financial Service Providers from USSD services from March 15 until they pay their over N42bn debt. ALTON had explained that the service withdrawal become necessary due to the lack of agreement on a payment structure with the banks that did not involve the end-user being asked to pay.

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Association-of-licensed-telecommunications-operators-nigeria
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Information-technology
Mnos-mobile-network-operators

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